Hotels and Leisure

Sun International undergoing significant changes

Casino and resort operator, Sun International is undergoing significant change after years of underperformance. ... Full story

August total income for accommodation industry up 8.3%

Total income for SA’s tourist accommodation industry (which includes restaurant‚ bar sales and “other” income) rose by 8.3% year on year (y/y) in nominal terms (current prices) in August‚ Statistics SA’s tourist accommodation survey released on Monday showed. ... Full story

Cape Town hotel earns Africa's Leading City Hotel Award

This is after the Pepper Club Hotel & Spa was named as Africa's Leading City Hotel for the second time in a row by the World Travel Awards. ... Full story

SABMiller exits stake in Tsogo Sun

Beers and soft drinks giant, SABMiller (SAB) has completed the transaction whereby it disposed of its entire shareholding in Tsogo Sun Holdings (TSH)‚ the group recently said. ... Full story

SA pumps R100m into tourism industry

Government will spend R100 million to market South Africa’s tourism industry, Tourism Minister Derek Hanekom announced on Tuesday. ... Full story

Sun International ‘fares well’ in tough year

Hotel and gaming group Sun International on Monday reported adjusted headline earnings per share (HEPS) fell 7.3% in the year ended June with headline earnings down 24% to R530m. ... Full story

Hospitality Property Fund total distribution up 14.5%

Hospitality Property Fund (HPB‚ HPA) on Wednesday delivered a 14.5% growth in its distribution per combined linked unit to 174.80c in the year to June‚ exceeding its own forecasts. ... Full story

City Lodge to spend R475m on East African hotels

JSE-listed City Lodge Hotels Limited reported last friday normalised diluted headline earnings a share rose by 11% to 643.1c in the year ended June, with revenue growing 9% to exceed R1bn for the first time. ... Full story

Sun International to reduce its reliance on Africa

Casino and hotels operator Sun International, which recently was given green light to build a R3bn entertainment complex in Pretoria, aims to sell a portion of its interests in its African assets to a foreign subsidiary of Thailand-listed Minor International (MINT) for R664m. ... Full story

Sun International sees full year HEPS seen 5-10% lower

Resort‚ hotel and casino operating group Sun International (SIU) on Thursday said it expects diluted headline earnings per share (HEPS) for the year ended June 2014 to be 5%-10% lower. ... Full story

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